Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• People
• Innovation
• Community
• Governance

Environmental Achievements

• Developed a decarbonization plan to achieve carbon neutrality by 2030.
• Achieved ISO 14001 Multisite certification.

Social Achievements

• Implemented Business Integrity Policy across all companies.
• Established the Maire Group’s Innovation Board.
• Increased investment in training programs (1.4 million hours in 2022).

Governance Achievements

• Aligned corporate governance with international best practices on sustainability.
• Established a Control Risk and Sustainability Committee.
• Included a 10% weighting in sustainability-related parameters in the 2023-2025 LTI Plan.

Climate Goals & Targets

Environmental Challenges

• Reducing Scope 3 emissions (98% of total Scope 3 emissions come from Purchased Goods and Services).

Mitigation Strategies

• Launched a process to monitor the environmental performance of suppliers using a digital solution (Carbon Tracker).
• Defined a long-term decarbonization plan to reduce Scope 3 emissions.
• Engaging relevant suppliers in joint efforts to reduce emissions.

Supply Chain Management

Supplier Audits: 66% of spending with ESG-qualified suppliers

Responsible Procurement

• ESG criteria for supplier qualification.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Certifications: ISO 14001

Third-party Assurance: Sustainalytics (Second Party Opinion), External auditor (Limited Assurance)

Environmental Metrics

ESG Focus Areas

• Climate change mitigation
• Circular economy
• Natural resources management
• Health and safety of employees and contractors
• Human capital development
• Diversity, equity & inclusion
• Employment and wellbeing
• Human rights
• R&D, innovation and ecosystems
• Digital transformation
• Cybersecurity
• Responsible supply chain
• Local economic and social development
• Business integrity
• Economic performance and business stability

Environmental Achievements

• Reduced Scope 1-2 emissions by 11% vs 2022 and 26% vs 2018 baseline.
• Reduced Scope 3 emission intensity on value added for selected clusters of goods and services by 5% vs 2022.
• Saved over 6,000 tCO2 emissions (Scope 1-2) through efficiency initiatives.
• Approximately 22,000 tonnes of plastic recycled, resulting in a total CO2 saving of 25,000 tonnes.
• Water intensity decreased by 15% vs 2022.

Social Achievements

• Increased workforce by 24% compared to 2022, with a significant increase in engineers.
• Launched the second phase of the Diversity, Equity & Inclusion training campaign for foreign companies (7,300 training hours).
• Implemented the first wave of the Challenging Mentoring Programme.
• Launched the MAIRE Academy app.
• 10 CSR initiatives (over 4,000 direct beneficiaries).

Governance Achievements

• Increased ESG targets in management variable compensation from 10% to 20%.
• Launched a major stakeholder engagement process.
• 80% of employees trained on Business Integrity.
• 60% of board meetings addressed sustainability issues.
• Admitted to Transparency International Italia.

Climate Goals & Targets

Environmental Challenges

• Scope 3 emissions increased by 29% vs 2022 due to higher spending volume.
• Challenges related to managing a diverse workforce across multiple countries.
• Challenges in ensuring supplier compliance with ESG criteria.
• Risks associated with geopolitical instability and regional crises.

Mitigation Strategies

• Developed a hybrid methodology for calculating the carbon footprint of suppliers.
• Implemented a comprehensive Diversity, Equity & Inclusion Policy and training programs.
• Strengthened supplier engagement and qualification processes with an emphasis on ESG criteria.
• Diversified backlog across geographical areas to minimize country risk, optimized financial flows, and strengthened local supply networks.

Supply Chain Management

Supplier Audits: 8 social audits carried out in 2023; target of 10 new audits in 2024.

Responsible Procurement

• Supplier qualification and management processes including ESG criteria.
• Sharing and signing contractual terms with suppliers that include environmental and social requirements.

Climate-Related Risks & Opportunities

Physical Risks

• Impact of stricter laws and regulations on energy efficiency and climate change.
• Impact of client awareness and sensitivity to climate change.

Transition Risks

• Shift to low-carbon products.

Opportunities

• Growth in the market for low-carbon products and services.

Reporting Standards

Frameworks Used: GRI, UN Global Compact, TCFD (in progress)

Certifications: ISO 9001, ISO 14001, ISO 27001, ISO 29001, ISO 45001, SA 8000

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 9 (Industry, innovation, and infrastructure)
• SDG 12 (Responsible consumption and production)
• SDG 13 (Climate action)

MAIRE's initiatives contribute to these goals through decarbonization efforts, development of sustainable technologies, promotion of circular economy, and responsible resource management.

Sustainable Products & Innovation

• Green ammonia
• Sustainable fertilizers
• Sustainable fuels and chemicals
• Sustainable polymers

Awards & Recognition

• Finalist in the Sustainability Report Awards of the University of Pavia.
• Finalist in the World Sustainability Awards 2023.